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Who doesn’t want to live in a tranquil, serene place, amidst white sandy beaches and islands? Invest in a Condo in Sihanoukville! The beautiful coastal city, Sihanoukville sits on the eastern side of the Gulf of Thailand. It is a peninsula flanked by several beaches along its coastal line and offshore islands. Unlike the other Cambodian cities, Sihanoukville is more urban, modern and touristy. Named after the Prince of Cambodia in 1964, the city is relatively new. A lot of residential buildings and luxury hotels are springing up. Thanks to the booming tourism industry and the invasion of expatriates!
Sihanoukville, known as Kompong Som, is the gateway to Cambodia's International sea trade. The seaside city has evolved due to the construction of the Deepwater port in the late 1950s. Sihanoukville is Cambodia's primary center for trade, commerce and process manufacturing. The National Highway, NH4 connects the city to Phnom Penh. The NH4 accommodates freight containers and gasoline trucks from the port to Phnom Penh and the US Government funded the construction project.
Sihanoukville is the third most desired destination for a visit and investment within Cambodia. Phnom Penh and Siem Reap have taken the first and second places respectively. The nightlife is good with an impressive range of bars, pubs and glitzy casinos. Sihanoukville’s ethnic mix is changing dramatically due to the high influx of Chinese expats and investors. The beach city has become a gambling haven with many lavishly decorated casinos that have been set up by the Chinese.
It has been estimated that Chinese comprise 20% of the total population of the region. Chinese investors have poured in a massive $1.1bn into the coastal city which has driven the construction industry, oil reserves, garment industries, restaurants, and pubs. Besides, investors from Thailand, Taiwan, Vietnam, and Malaysia are also attracted to the resort city, owing to the oil reserves and logistic facilities. This has also generated employment to locals and the expatriate’s community.
Learn more about the Sihanoukville condo market through trends and average prices.
Sihanoukville is the most dynamic and culturally diverse city in Cambodia. The promising economy and foreign investment have boosted the real estate sector.
Luxury condos are one of the more popular choices for investors. They come with all the essential and amenities catering to all of your needs. The high rental yields and capital appreciation draws investors to buy condos. Only a small number of expatriates show interest in buying condominiums. Even then, a recent report states that the sale price of condos will continue to remain strong.
The sale price of the 1-bed condo starts from $13,600, whereas 3-bed condo costs $130,000, approximately. Sea view condos are stunning from where you can have the panoramic view of the beach. 1, 2 and 3-bed sea view condos are available for sale in large numbers. They are available with sophisticated amenities like a fully equipped gym, sundeck, kids' play area, squash court, library, and an open-air lounge.
Many Condo projects are nearing completion and will be unveiled by the year 2020. Hundreds of western style condos will be up for sale in a year or two. Book yours now!
The Sihanoukville province is quite compact, comprising four districts or Sangkat.
Though architecturally unimpressive, the city looks magnificent with the golden coastlines and lush green landscape and mangrove forests lining the riverside. The City does not have any official public transportation service as the secure transportation system of tuk-tuks and motor taxis are widespread.
Sihanoukville houses many big and small island villages and many quaint and secluded islands where there is no trace of life there. Regular boat services are available to islands, Koh Rong and Koh Rong Sanloem. You can hire longtail boats and medium-sized boats for fishing and drinking trips to Otres Marina.
The public health care system had a significant hit during the civil war. Even today, the health care sector is not at par. CT clinic is the only trusted and reliable clinic among the locals and expats. Education is pretty good with a few English schools and local Khmer schools and with the growing city, there is an ever-increasing demand for more schools of international standards.